Thursday, September 09, 2010

Unit 2: UK's worst ever trade deficit

Tales of woe fron Sky news

http://news.sky.com/skynews/Home/Business/UK-Trade-Deficit-Surge-In-Oil-And-Chemical-Imports-Widens-Gap-To-New-Record/Article/201009215723952?f=rss

a) What is meant by a trade deficit?
b) Why has it worsened?

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